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Do more for your family
with our Junior Pension.

Our Junior Pension can help set your children up for the future.

Date last reviewed: May 2nd, 2024

True Potential are trustedby more than 528,000 investors.

£30 billion invested on theTrue Potential Platform.

Why Choose a Junior Pension?

Annual Allowance of £3,600 in the 2024/25 tax year

A parent or guardian can set up, once open anyone can contribute

Child cannot access their money until 57*

Potential for growth but capital is at risk and returns not guaranteed

*Subject to change dependent on Government legislation in the future.

Invest up to £2,880 a year into your child’s True Potential Junior Pension and the government will add in £720 basic tax relief (20%) taking the total to £3,600.

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What is a
Junior Pension?

A Junior Pension is a type of personal Pension that is managed on behalf of a child by a parent or legal guardian until the child turns 18.

As with a Junior ISA, investing early in life with a Pension can bring long-term returns as the impact of compounding is seen for a longer period. It’s also a tax-efficient account as returns aren’t subject to Income or Capital Gains Tax whilst invested within the Pension.

A Pension for an Under 18 has two main benefits over a Junior ISA:

  • Contributions attract up to 20% tax relief
  • The child cannot access their money until 57 – meaning it can be used for helping them to achieve their long-term goals

Whilst a Junior Pension provides a long-term investment option for a child’s future, they won’t be able to access their money until they reach the normal minimum pension age. If parents or grandparents are looking to provide children with a financial boost before they retire, a Junior ISA which is accessible at 18 years old may be a better option.

Parents and Grandparents can also reduce potential Inheritance Tax liability for their loved ones as payments into the Pension may be covered by the £3,000 annual gift allowance, or the exemption for payments from income whilst invested.

It’s important to remember that with investing your capital is at risk and investments can fluctuate in value over time, meaning you may get back less than you invest. Speak to a financial adviser if you’re not sure whether investing is right for you.

Only a parent or guardian can set up a Pension for a child, but once open anyone from grandparents to aunties, uncles, godparents and friends can contribute.

How much can
be contributed?

The True Potential Junior Pension benefits from an Annual Allowance of £3,600 in the 2024/25 tax year and contributions will attract tax relief.

For example, you can add £2,880 into a child’s Junior Pension in this tax year and the government will add in £720– representing 20% in tax relief.

The total amount added to the Junior Pension will be £3,600.

Our fees and charges

We believe in keeping fees simple, transparent and great value for money. We’ll talk you through all costs before you sign up and you’ll always be able to see them in your account.

Fee to open a Junior Pension


Fee to transfer a Junior Pension


Ongoing platform fee charge


Typical Ongoing Investment Charge


You can find out more on our fees page.

Try our free calculator

With investing your capital is at risk. Investments can fluctuate in value and you could get back less than you invest.

Brought to you by True Potential Investments LLP.

True Potential Investments LLP is authorised and regulated by the Financial Conduct Authority,
FRN 527444.

Registered in England and Wales as a Limited Liability Partnership No. OC356611.

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